While President Donald Trump was in the Middle East last week cutting deals to boost fossil fuels, something very different was happening in China: Beijing was making clean energy agreements with Brazil.
Among its new commitments are a wind, solar and battery storage hub in Brazil, a renewable energy research and development center and a $1 billion investment from Envision Energy in sustainable aviation fuel and green hydrogen.
China is tapping fast-growing countries to expand its market for solar panels, electric vehicles and other green goods — particularly as its trade relationship with the U.S. becomes more volatile.
Brazil stands out because it’s hosting the COP30 global climate talks this November as the U.S. retreats from international agreements to address rising temperatures. Brazil and other developing countries are leaning closer to China for trade and investments to help aid their climate goals.
